Unfortunately last week my pride and joy had a big smash. White van man drove straight into the back of me whilst sitting in traffic . ****

Anyway the long and short of it is the boot floor is all creased and crumpled and my car is about 3 inches shorter !



So as it will be a write-off (given the value of the car when I bought it) I have a couple of questions and maybe someone can help re the insurance.

If I wanted to go and buy a similar model today (given the fact that the price of good classics has shot up) I would be looking at anything from £2000 +.
So first question

1. Would the insurance company evaluate the cost of replacing my car with a similar one or would they give me market value for the car.
Obviously the two are way different, as in my car as market value may only be worth £1000 but to replace it would be £2000+ ?

2. Would they value the car as it stands now, with all the tasty mods on it or would I be better off putting it all back to standard now and then getting them to value it, or do they even need to see all the parts on it ?

My worry is if they come and look at the car now, they may say with all the stuff on it, its worth more but then they take it away and scrap it with all the good stuff on or I put it back to standard and they give me a crappy value which will give me nothing to buy a nice bog standard classic which I then could add back on my nice parts ?

Tricky one and hopefully someone can help, cheers

 

Another nice piece rear ended :-(

 

If you declared all your mods you would get paid out for all your mods

If you declared nothing you would get paid market value

dont forget you can always reject your insurers first and even second offer

Gl matey

 

Start printing off the net like for like cars , get as many photos of your car as possible together showing the condition it was in , dig out all service history etc etc

Get ready for the letter offering £800.
Are you insured via a specialist or just a go compare monkey company , the likes of KM and the others know the value just by condition rather than the plums online

 

I had to email pics to show its condition and find others from garages to the closest spec and year regardless of price. Want the most expensive ones really. I think you get 3 offers in total

 

Thanks for all the replies guys

All mods were declared but to be honest nothing major has been done (luckily) but most of the hard work, time and cost has been in the engine bay.
The only external mods I have done are : wheels, sti lights, mudflaps, full exhaust including downpipe and brakes. The rest as I said was restoring the engine bay which I have all the standard parts.

My worry is if they give me , lets say £900 then there is no way I can buy an equivalent car in todays market so having all these parts would then be useless as I would end up with a bunch of parts but no car to put them on.
If on the other hand they offer me the value of buying a similar car now, then it would be worth stripping.

I will be researching the possible cars out there to show them how much I would have to spend in todays market.

I am insured with Gary at KM so all good

 

Can't see a problem now knowing who you are insured with .....was waiting for tesco or something on those lines

 

Gary has always insured all our scoobs from day one and this one is no exception.

I am really asking because it is bank holiday and I am wondering if now is a good time to start the returning back to standard or shall I just wait

 

Depends what you're claiming? if it;s written off the insurance company own the car and technically you'd be committing insurance fraud by taking bits off and then claiming the full amount.

As for getting the full amount, I echo what has been said above, when white van man (possibly the same ****) wrote my Scooby off I did just that, I sent them 10 adverts from as many different places as possible and gave them a price. They didn't even question me, just paid up.

 

Get through the classifieds looking for similar spec cars with their valuations just in case they low ball you. My sister was hit by a lorry at Xmas and when the valuers came out, valued it at £300 more than what she had paid and just above market value, so luckily didn't even bother haggling/arguing with them.

 

My personal feelings is that getting them to value the car with all the stuff on will make no difference to the value so I may as well put it back to standard as much as I can and then go down the route of arguing the case of how much I would need to be an equivalent car in todays market

I have an assessor coming out to the car tomorrow to assess the damage

 

That's not always true.

You would ony get the value of the mods if you have an agreed value on the car. Declaring the mods alone isn't always enough to do that, but it differs from insurer to insurer.

Declaring mods is a legal obligation, to not declare them would quite possibly leave you completely un-insured and as such you wouldn't claim a penny.

 

Remember you got whiplash aswell so that will up your funds

 

That is a separate issue and to be honest I am not even thinking of that, as typical injury claims can take up to 2 years to settle.
My immediate concern is to be able to get back into a similar car as soon as possible and I am sure the insurance company would want the same as the courtesy car will be costing them a fortune

 

The Van hit you, so its there insurance which will be giving the value? or am i wrong on this?

 

I guess it involves both sides. My insurance company will have a value (hopefully) on how much it would be for me to buy an equivalent model, year, age, condition etc.

The other insurers will just to value it as it stands so they will be the ones low balling me. So it is them I guess I have to convince that I would need to be compensated more to be in a position to buy another one.

 

My 99 got written off last Year (bonnet came up) I'm with aviva fully comp, they offered 2000 -my 350 excess, I took it

 

Quote:

Originally Posted by XDevil666

The Van hit you, so its there insurance which will be giving the value? or am i wrong on this?

The third party insurer will only be valuing the car if he claims directly from them. Otherwise his own insurer will be valuing and settling - they will then claim it back from the other side.

Quote:

Originally Posted by SwissTony

That is a separate issue and to be honest I am not even thinking of that, as typical injury claims can take up to 2 years to settle.

Not true. New rules and regs get PI claims settled within very tight time lines, unless there is an argument over who is at fault, or whether you were injured or not. If you weren’t injured, but claim PI, and the other side find out you can be convicted of fraud. Just something to be aware of.

Quote:

Originally Posted by SwissTony

My immediate concern is to be able to get back into a similar car as soon as possible and I am sure the insurance company would want the same as the courtesy car will be costing them a fortune

Indeed. All parties have a legal duty to keep losses to a minimum. That includes you and your insurer.

Quote:

Originally Posted by SwissTony

I am insured with Gary at KM so all good

They are a broker, but should do a lot of leg work for you and will liaise with your insurer on your behalf. Who's your insurer?

 

Underwriten by Midas I believe

 

Coolio. They are the people you'll be arguing with over the value, but KM should help you out.

 

I wonder if I add YourLunchMoney to my value , maybe that will be enough


Assessor has been this morning, saw immediately it was a write-off , gone away to do his research and the wheels are moving so I am glad that something is happening.

I doubt Gary even knows about it yet, unless he has seen the pictures on Facebook as him and I are friends on there

 

Such a shame that, it was a nice example.

Re whiplash, that looks like it was a decent impact and though you may just be feeling some slight discomfort now or maybe nothing at all, I'd go and get yourself checked out, friend of mine got hit like that and had quite a long running problem with neck and shoulder pain, she wasn't too aware of it initially due to all the other things going on sorting it out and being adrenalin filled, but after a week or so the pain and discomfort started to take hold, so just a heads up.

 

It doesn't take much, as soon as I pulled onto your driveway it was pretty bloody obvious that it was never going to get repaired, only a fool would think otherwise

Glad the wheels are moving

 

Thanks for that, yes it was looking okay but needed some work on the typical rust UK car . I think the impact dislodged a lot of it

I am getting an independent assessment by the insurance team as my neck is really painful 5 days on and don't sleep well now. Being in IT my posture was never good , leaning over monitors all day long but now it is really hard to sit at a laptop for any long periods.

Ha, what an insightful assessment in 30 seconds and by 3 feet away

The wheels are moving indeed, just not the ones on my damaged scoob

 

Working on the car yesterday , managed to get into the boot eventually by removing the back seats to find the whole boot floor crumpled. The impact was so bad that the spare wheel had been wrenched off the bolts and was a foot up the boot !!
You can see daylight from inside the boot and the seam at the bottom facing out to the back of the car is nearly punched through so all in all, a lucky escape.

Thankfully the impact was more drivers side which meant more impact to me but less to my eldest son who was sitting in the back but passenger side.

 

the impact broke the welds for the space wheel mount and it was still bolted to that but no longer attached to the car!

 

I didn't know you had ESL

 

my english is fine


don't tell me you know this car ?

 

When my Cav GSI was written off, not my fault, having paid £1200 a couple of months earlier, the other parties insurance company offered £200. The second word was off, you probably know the first word.

After a lot of fighting, adverts etc, I finally got the £1200, minus £200 so that I kept the car. I made more than £200 from selling what was salvageable.

Good luck Chris, hope you're back in one soon.

 

A few years ago my 98 wagon got written off.....
I got £2600 plus £1800 for a personal injury....